Barclays PLC Lowers Stock Position in Hubbell Inc $HUBB

Barclays PLC lessened its holdings in shares of Hubbell Inc (NYSE:HUBB) by 14.3% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 100,953 shares of the industrial products company’s stock after selling 16,791 shares during the period. Barclays PLC owned 0.19% of Hubbell worth $43,441,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Hantz Financial Services Inc. lifted its position in Hubbell by 141.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 70 shares of the industrial products company’s stock valued at $30,000 after acquiring an additional 41 shares during the period. Mather Group LLC. bought a new position in shares of Hubbell during the third quarter valued at approximately $37,000. Root Financial Partners LLC bought a new position in shares of Hubbell during the third quarter valued at approximately $45,000. SBI Securities Co. Ltd. lifted its holdings in shares of Hubbell by 278.1% during the third quarter. SBI Securities Co. Ltd. now owns 121 shares of the industrial products company’s stock valued at $52,000 after purchasing an additional 89 shares during the last quarter. Finally, Johnson Financial Group Inc. lifted its holdings in shares of Hubbell by 185.4% during the second quarter. Johnson Financial Group Inc. now owns 137 shares of the industrial products company’s stock valued at $56,000 after purchasing an additional 89 shares during the last quarter. 88.16% of the stock is owned by hedge funds and other institutional investors.

Hubbell Trading Up 3.4%

Shares of NYSE:HUBB opened at $487.69 on Tuesday. The stock has a 50 day moving average of $492.09 and a 200 day moving average of $456.70. The company has a market cap of $25.93 billion, a PE ratio of 29.26, a price-to-earnings-growth ratio of 2.38 and a beta of 1.00. Hubbell Inc has a 12-month low of $299.42 and a 12-month high of $533.80. The company has a current ratio of 1.72, a quick ratio of 1.00 and a debt-to-equity ratio of 0.53.

Hubbell (NYSE:HUBB) last released its earnings results on Tuesday, February 3rd. The industrial products company reported $4.73 EPS for the quarter, topping analysts’ consensus estimates of $4.70 by $0.03. Hubbell had a net margin of 15.29% and a return on equity of 27.45%. The company had revenue of $1.49 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the business earned $4.10 EPS. The firm’s revenue was up 11.9% compared to the same quarter last year. Hubbell has set its FY 2026 guidance at 19.150-19.850 EPS. As a group, equities research analysts expect that Hubbell Inc will post 17.63 EPS for the current year.

Hubbell Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 16th. Stockholders of record on Friday, February 27th will be given a dividend of $1.42 per share. This represents a $5.68 annualized dividend and a dividend yield of 1.2%. The ex-dividend date is Friday, February 27th. Hubbell’s dividend payout ratio (DPR) is presently 34.07%.

Insider Activity

In other Hubbell news, VP Nero Jonathan M. Del sold 2,245 shares of the stock in a transaction on Monday, February 9th. The stock was sold at an average price of $500.60, for a total value of $1,123,847.00. Following the completion of the sale, the vice president owned 2,769 shares in the company, valued at approximately $1,386,161.40. This represents a 44.77% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, VP Katherine Anne Lane sold 4,610 shares of the firm’s stock in a transaction dated Monday, February 9th. The shares were sold at an average price of $505.60, for a total value of $2,330,816.00. Following the sale, the vice president directly owned 14,913 shares in the company, valued at approximately $7,540,012.80. This represents a 23.61% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 34,689 shares of company stock worth $17,407,395 in the last quarter. Corporate insiders own 0.76% of the company’s stock.

Analyst Ratings Changes

Several research firms recently weighed in on HUBB. JPMorgan Chase & Co. upped their price target on Hubbell from $478.00 to $532.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 4th. Wells Fargo & Company lifted their price objective on Hubbell from $515.00 to $550.00 and gave the company an “overweight” rating in a research note on Wednesday, February 4th. Stephens reissued an “overweight” rating and issued a $550.00 target price on shares of Hubbell in a report on Thursday, February 5th. Weiss Ratings reissued a “buy (b-)” rating on shares of Hubbell in a research note on Thursday, January 22nd. Finally, Wall Street Zen upgraded Hubbell from a “hold” rating to a “buy” rating in a report on Saturday. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $529.75.

About Hubbell

Hubbell Incorporated (NYSE: HUBB) is an industrial manufacturer and distributor of electrical and electronic products serving a range of end markets including commercial and residential construction, industrial, and utility customers. Founded in 1888 by Harvey Hubbell, the company has a long history in electrical innovation and product development and is headquartered in Connecticut. Hubbell designs, manufactures and sells components and systems that enable the distribution and control of electrical power and provide lighting solutions for indoor and outdoor environments.

The company’s offerings span a broad portfolio of products used by contractors, utilities, original equipment manufacturers and facility owners.